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Behavioral Law & Economics

Author

Listed:
  • Tomasz Nieborak

    (Adam Mickiewicz University)

Abstract

Issues concerning the regulation aspects of financial markets are not simple. One of the reasons for this is that a great number of detailed factors have an effect, for example, the trust of the consumers of financial services or their behavior. The paper analyses the most important of them, and issues related to them, from a legal point of view, with the main objective of presenting the basic assumptions of the behavioral Law & Economics theorem. Dynamic development of financial markets and instruments available in those markets requires the collaboration of economists and lawyers working out legal provisions that will ‘understand’ the economic nature of the matters they regulate. Moreover law and economics analysis on the matter may be improved by increased attention to insights about human behavior.

Suggested Citation

  • Tomasz Nieborak, 2012. "Behavioral Law & Economics," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 8(1), pages 27-38, March.
    • Handle: RePEc:cpn:umkeip:v:8:y:2012:i:1:p:27-38
    DOI: 10.12775/EiP.2012.002
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    References listed on IDEAS

    as
    1. Malloy,Robin Paul, 2000. "Law and Market Economy," Cambridge Books, Cambridge University Press, number 9780521787314, November.
    2. Malloy,Robin Paul, 2000. "Law and Market Economy," Cambridge Books, Cambridge University Press, number 9780521782142, November.
    3. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
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    More about this item

    Keywords

    Law & Economics theorem; financial markets;

    JEL classification:

    • A - General Economics and Teaching

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